Ryderwear, the Australian fitness apparel label, plans to open a third party logistics (3PL) warehouse in the United States and United Kingdom, a move that will slash delivery times for international customers.
Month: August 2020
361 Degrees Sees Revenues Slump 17 Percent In First Half
361 Degrees International Limited, the sporting goods firm based in Hong Kong reported revenues in the first half of 2020 fell by 17.0 percent to ¥2,686.1 million.
Target Reports Q2 Comps Vault 24.3 Percent
Target Corp. reported second-quarter comparable sales grew 24.3 percent, the strongest the company has ever reported. Adjusted earnings grew 86 percent.
Lemon Perfect Raises $6.6 Million
Lemon Perfect, the cold-pressed lemon water brand, has raised $6.6 million in a new funding round. The capital raise will be used to fund distribution growth, increase marketing support, and recruit key talent.
Dick’s SG Appoints Chief Communications And Sustainability Officer
Dick’s Sporting Goods has appointed Peter Land as chief communications and sustainability officer.
Life Fitness Promotes From Within To Lead Consumer Sales In The Americas
Life Fitness promoted John Kazik to the role of vice president, Americas Consumer Sales and Billiards.
NRF: Parents To Spend Even More On Tech This Back-To-School Season
Most families still don’t know what supplies students need for school and college this year, but more expect at least some classes to take place online than a month ago and said they will buy more computers and other items for back-to-school, the National Retail Federation (NRF) and Prosper Insights & Analytics reported.
MidwayUSA Foundation Appoints Relationship Manager
The MidwayUSA Foundation has appointed John Linquist to the new position of relationship manager. In his new role, Linquist will pursue opportunities for businesses to join MidwayUSA Foundation in sustaining and growing youth shooting sports.
Amazon To Hire 3,500 In U.S. Expansion
Amazon announced plans to add 3,500 tech and corporate jobs across a half-dozen U.S. cities. The cities include Dallas, Detroit, Denver, New York, Phoenix, and San Diego.
Report: Academy Sports Confidentially Files For IPO
Academy Sports + Outdoors, acquired by Kohlberg Kravis Roberts & Co (KKR) in 2011, has confidentially filed paperwork for an initial public offering, according to a report from Bloomberg.
Kohl’s Looking To Take More Share In Active Post-COVID-19
Kohl’s Inc. warned that back-to-school was off to a slow start and a promotional climate is expected for holiday selling. However, the middle-market chain expects to gain significant market share as COVID-19 causes competitors to close and accelerates trends toward casualization and active lifestyles.
Walmart’s U.S. Comps Climb 9.3 Percent In Q2
Walmart reported total revenue in the second quarter was $137.7 billion, an increase of $7.4 billion, or 5.6 percent. Excluding currency impacts, total revenue would have increased 7.5 percent to reach $140.2 billion. Walmart U.S. comp sales climbed 9.3 percent, led by strength in general merchandise and food. Walmart U.S. e-commerce sales grew 97 percent with strong results across all channels.
Payless Plans Comeback In U.S.
Payless, which emerged from bankruptcy protection in January after closing all its 2,100 stores in the U.S., announced plans to open 300 to 400 standalone stores nationwide in the next three to five years.
Kohl’s Q2 Results Top Wall Street’s Targets
Kohl’s reported a loss in the second quarter on a 23.1 percent revenue decline but both exceeded Wall Street’s consensus targets. The retailer also noted that disciplined management of expenses and inventory resulted in positive operating cash flow in the period. Michelle Gass, Kohl’s CEO, said, “We are well-positioned to capitalize on evolving customer behaviors and the retail industry disruption, which we believe will drive long-term growth and increased markethare.”
Mint Green Group To Distribute Nike Golf And Tennis In Canada
The Mint Green Group announced an exclusive distribution partnership with Nike Canada in golf and tennis. The partnership will enable increased investment in these categories.
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